FedEx's (FDX) "In-Line" Rating Reiterated at Evercore ISI

Key Points

• Evercore ISI has reaffirmed FedEx's stock rating as "in-line," lowering the target price from $249.00 to $243.00, which still indicates a potential upside of 6.76% from the current price.
• Other analysts have varied in their ratings, with a consensus suggesting a "Moderate Buy" status and an average price target of $279.33.
• FedEx reported a quarterly earnings per share of $6.07, exceeding estimates, while revenue reached $22.20 billion, above analysts' projections.

Evercore ISI reissued their in-line rating on shares of FedEx (NYSE:FDX - Free Report) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. They currently have a $243.00 target price on the shipping service provider's stock, down from their prior target price of $249.00.

FDX has been the subject of a number of other reports. Truist Financial reissued a "buy" rating and issued a $275.00 target price on shares of FedEx in a research note on Wednesday, June 25th. Dbs Bank upgraded FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. UBS Group dropped their target price on FedEx from $297.00 to $293.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. Finally, Citigroup dropped their target price on FedEx from $278.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $278.08.

FedEx Trading Up 2.5%

NYSE:FDX traded up $5.60 on Wednesday, reaching $232.10. The company's stock had a trading volume of 8,378,809 shares, compared to its average volume of 1,900,524. FedEx has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. The firm has a market cap of $54.76 billion, a PE ratio of 13.55, a PEG ratio of 1.28 and a beta of 1.20. The business's 50-day moving average price is $228.92 and its two-hundred day moving average price is $226.73.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.43% and a net margin of 4.65%.The firm had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. During the same period in the previous year, the firm earned $3.60 earnings per share. The company's revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts anticipate that FedEx will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be given a $1.45 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. FedEx's dividend payout ratio is presently 34.36%.

Insider Activity

In related news, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the transaction, the director directly owned 8,935 shares in the company, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marvin R. Ellison sold 3,610 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the transaction, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC raised its position in shares of FedEx by 12.2% in the second quarter. Valeo Financial Advisors LLC now owns 14,899 shares of the shipping service provider's stock valued at $3,387,000 after buying an additional 1,615 shares in the last quarter. NWF Advisory Services Inc. increased its stake in FedEx by 6.2% during the 2nd quarter. NWF Advisory Services Inc. now owns 1,227 shares of the shipping service provider's stock worth $279,000 after acquiring an additional 72 shares during the period. V. M. Manning & CO. Inc. acquired a new position in FedEx in the 2nd quarter valued at $2,093,000. Thrivent Financial for Lutherans lifted its position in shares of FedEx by 7.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 12,798 shares of the shipping service provider's stock valued at $2,911,000 after acquiring an additional 877 shares during the period. Finally, MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of FedEx during the 2nd quarter valued at $2,439,000. 84.47% of the stock is owned by institutional investors.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.